Midland County Texas Residential Rent and Rental Statistics
The median monthly gross residential rent in Midland County TX was $1,448 in 2019 according to the Census ACS survey.1 Average gross rent in Midland County was $1,393 in 2019. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2020 Midland County median and average rent data will be released in September of 2021.
Data is also available below for Midland County rental vacancy rates, Midland County rent as a percent of median income and the fraction of renters in Midland County.
Real Gross Rent in Midland County Texas (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| Texas Median Gross Rent | $1,091 | +2.44% | +8.99% |
| Midland County TX Median Gross Rent | $1,448 | +11.04% | +20.97% |
Midland County TX Real Gross Rent Trends
At $1,448, real median gross rent in Midland County was at its highest level in 2019 since the series began in 2005. At $1,393, real average gross rent in Midland County was at its highest level in 2019 since the series began in 2005.
Real Gross Rent: Midland County TX Median, Midland County TX Average, Texas Median, US Median
Real Gross Rent History for Midland County
| Date | US Median |
Texas Median |
Midland County TX Median |
Midland County TX Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,091 | $1,448 | $1,393 |
| 2018 | $1,077 | $1,065 | $1,304 | $1,253 |
| 2017 | $1,043 | $1,018 | $1,136 | $1,205 |
| 2016 | $1,027 | $1,001 | $1,197 | $1,179 |
| 2015 | $1,017 | $989 | $1,269 | $1,309 |
| 2014 | $986 | $946 | $1,289 | $1,272 |
| 2013 | $953 | $902 | $1,152 | $1,180 |
| 2012 | $940 | $884 | $1,001 | $1,056 |
| 2011 | $941 | $878 | $1,023 | $954 |
| 2010 | $955 | $895 | $948 | $944 |
| 2009 | $960 | $898 | $938 | $960 |
| 2007 | $927 | $862 | $784 | $812 |
| 2005 | $910 | $839 | $716 | $709 |
Midland County Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2014 the rental vacancy rate for Midland County Texas was 8.23% according to Census ACS data.
Rental Vacancy Rate in Midland County Texas
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Texas | 8.15% | -0.06% | +0.50% |
| Midland County TX | — | — | — |
Trends in Midland County TX Rental Vacancy Rate
The rental vacancy rate in Midland County peaked in 2010 at 12.59%. Since then it has fallen by 4.36% to 8.23%. Data records for this series originated in 2005.
Rental Vacancy Rate: Midland County TX, Texas, US
Historical Rental Vacancy Rate data for Midland County
| Date | US | Texas | Midland County TX |
|---|---|---|---|
| 2019 | 5.97% | 8.15% | — |
| 2018 | 6.15% | 8.21% | — |
| 2017 | 6.18% | 8.49% | — |
| 2016 | 5.89% | 7.65% | — |
| 2015 | 5.85% | 6.95% | — |
| 2014 | 6.32% | 7.30% | 8.23% |
| 2013 | 6.49% | 7.86% | — |
| 2012 | 6.77% | 8.53% | — |
| 2011 | 7.40% | 9.23% | — |
| 2010 | 8.17% | 10.60% | 12.59% |
| 2009 | 8.43% | 10.69% | — |
| 2007 | 7.87% | 10.61% | — |
| 2005 | 7.74% | 10.60% | — |
Rent as a Fraction of Income
Using median household income data for Midland County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Midland County, median monthly gross rent as a fraction of median household income was 21.05% in 2019 according to the ACS.
Midland County Texas Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| Texas | 20.45% | -0.26% | +0.16% |
| Midland County TX | 21.05% | +2.12% | +0.06% |
Trends in Midland County TX Rent as a Fraction of Income
Midland County renters paid 21.05% of median household income towards the median monthly gross rent in 2019. This is the highest fraction of median household income going to rent since the series originated in 2005.
Fraction of Income towards Rent: Midland County TX, Texas, US
Historical Data for Annual Rent as a Fraction of Income in Midland County Texas
| Date | US | Texas | Midland County TX |
|---|---|---|---|
| 2019 | 20.03% | 20.45% | 21.05% |
| 2018 | 20.50% | 20.70% | 18.93% |
| 2017 | 20.13% | 20.00% | 17.49% |
| 2016 | 20.43% | 20.28% | 20.99% |
| 2015 | 20.63% | 20.10% | 17.70% |
| 2014 | 20.89% | 20.27% | 18.85% |
| 2013 | 20.78% | 19.89% | 18.22% |
| 2012 | 20.65% | 19.65% | 18.41% |
| 2011 | 20.70% | 19.75% | 20.92% |
| 2010 | 20.50% | 19.77% | 19.14% |
| 2009 | 20.12% | 19.59% | 17.95% |
| 2007 | 18.66% | 18.52% | 15.63% |
| 2005 | 18.89% | 19.11% | 16.59% |
Renter Fraction in Midland County Texas
You can calculate the renter fraction in Midland County in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Midland County as a fraction of total Midland County households. In 2019 30.08% of households were renters according to Census ACS data.
Midland County Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| Texas | 38.12% | -0.16% | -0.79% |
| Midland County TX | 30.08% | -3.74% | -7.49% |
Trends in the Midland County TX Renter Fraction
The Midland County household renter fraction peaked in in 2016 at 37.57% and is now 7.49% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Midland County TX, Texas, US
History of Midland County Renter Fraction
| Date | US | Texas | Midland County TX |
|---|---|---|---|
| 2019 | 35.89% | 38.12% | 30.08% |
| 2018 | 36.05% | 38.28% | 33.82% |
| 2017 | 36.13% | 38.03% | 33.27% |
| 2016 | 36.88% | 38.91% | 37.57% |
| 2015 | 36.97% | 38.94% | 29.77% |
| 2014 | 36.90% | 38.84% | 34.00% |
| 2013 | 36.50% | 38.16% | 36.97% |
| 2012 | 36.09% | 37.72% | 33.41% |
| 2011 | 35.42% | 37.08% | 33.35% |
| 2010 | 34.65% | 36.42% | 30.92% |
| 2009 | 34.13% | 36.32% | 30.68% |
| 2007 | 32.80% | 34.82% | 31.34% |
| 2005 | 33.10% | 35.29% | 35.06% |
1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability. ↩
2. Real dollars are calculated using the CPI-U less shelter series. ↩
3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied. ↩
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